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Europe’s Economy to Outpace U.S. in Upending of Past Roles

  • Tough lockdowns mean euro area suffered a deeper contraction
  • But recent measures of activity suggest a stronger recovery
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El-Erian Says U.S. Recovery Slowing, Not 'Moving Backwards'
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The euro area economy is for once set for a sprightlier recovery from crisis than the U.S., thanks to starkly different responses to the coronavirus.

America’s failure to get a grip on the pandemic is putting the brakes on its rebound compared with Europe, where many former virus hot spots managed to resume economic activity without causing a similar surge in infections.